China Mengniu Dairy (OTCMKTS:CIADY) Sees Large Volume Increase – Time to Buy?

Shares of China Mengniu Dairy (OTCMKTS:CIADY) saw unusually-high trading volume on Wednesday . Approximately 10,227 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 7,419 shares.The stock last traded at $18.86 and had previously closed at $18.71.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised China Mengniu Dairy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

China Mengniu Dairy Stock Up 0.4%

The business’s 50-day moving average price is $18.75 and its 200 day moving average price is $20.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.82.

China Mengniu Dairy Company Profile

China Mengniu Dairy Company Limited, an investment holding company, engages in the manufacture and distribution of dairy products under the MENGNIU brand in the People's Republic of China and internationally. It operates through Liquid Milk Business, Ice Cream Business, Milk Formula Business, and Cheese Business, and Other segments.